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Deffense [45]
2 years ago
9

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capita

l. One example is a commercial bank, which takes in demand deposits and then uses that money to make long-term mortgage loans. True False
Business
1 answer:
Alex17521 [72]2 years ago
7 0

Answer:

True

Explanation:

A financial intermediary is a corporation that takes funds from investors and then provides those funds to those who need capital. A bank that takes in demand deposits and then uses that money to make long-term mortgage loans is one example of a financial intermediary.

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Andru [333]

Answer:

D

Explanation:

Invoices are documents that convey purchases.

3 0
3 years ago
Read 2 more answers
Bennett Co. has a potential new project that is expected to generate annual revenues of $253,100, with variable costs of $140,00
Vlad [161]

Answer:

Hence, the annual operating cash flow is:  $44860

Explanation:

                                 Year 0    Year 1

Initital investment    

Inflows                                $253,100  

variable costs                       ($140,000)

fixed cost                             (53800)

Depreciton                         ($23,200)

Interest expense                 ($19,500)

Net cash inflows                   $16600 

Tax at 40%                           ($6640)

Net Cashinflows after tax      $9960

Add Depreciation                   $23,200  

Interest net of tax                   $11.700

Operating cashflows              $44860

Hence, the annual operating cash flow is: $44860

5 0
3 years ago
On May 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for Oceanside Realty:
Mama L [17]

Answer:

1.

a. May 31

Dr Accounts Receivable 19,750

Cr Service Revenue 19,750

b. May 31

Dr Supplies Expense 8,150

Cr Supplies 8,150

c. May 31 Wages Expenses 2,700

Wages Payable 2,700

d. May 31

Dr Unearned Rent 3,000

Cr Rent Revenue 3,000

e. May 31

Dr Depreciation Expense 3,200

C Accumulated Depreciation-Office Equipment 3,200

2. ADJUSTING ENTRIES are entries that has already be planned for ahead or in advance while CORRECTING ENTRIES on the other hand are entries that comes up when necessary in order to correct errors.

Explanation:

1. Preparation of the adjusting entries required at May 31.

a. May 31

Dr Accounts Receivable 19,750

Cr Service Revenue 19,750

(To record unbilled fees)

b. May 31

Dr Supplies Expense 8,150

Cr Supplies 8,150

(12,300-4,150)

(To record supplies expense)

c. May 31 Wages Expenses 2,700

Wages Payable 2,700

(To record wages expense)

d. May 31

Dr Unearned Rent 3,000

Cr Rent Revenue 3,000

(9000/3 months)

(To record rent revenue)

e. May 31

Dr Depreciation Expense 3,200

C Accumulated Depreciation-Office Equipment 3,200

(To record depreciation expense)

2. ADJUSTING ENTRIES are entries that has already be planned for ahead or in advance while CORRECTING ENTRIES on the other hand are entries that comes up when necessary in order to correct errors.

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3 years ago
The reduction in transactions costs per dollar of investment as the size of transactions increases is
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Economies of scale
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A fiscal policy *
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Answer:

4

non of

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3 years ago
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